Elecon Engineering announces the resignation of CFO Narasimhan Raghunathan, effective January 31, 2026, due to personal reasons. The company also released its unaudited financial results for Q3 and 9M FY26, reporting revenue of ₹552 crores for the quarter and ₹1,620 crores for the nine-month period. The company’s order book stood at ₹1,372 crores as of December 31, 2025.
CFO Resignation
Narasimhan Raghunathan, Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of Elecon Engineering, has resigned due to personal reasons. His resignation is effective from the close of business hours on January 31, 2026. The company acknowledged his valuable services and contribution during his tenure.
Financial Performance – Q3 FY26
Elecon Engineering reported consolidated revenue of ₹552 crores, a 4.3% increase year-over-year. EBITDA stood at ₹109 crores, with an EBITDA margin of 19.8%. Profit after Tax (PAT) was reported at ₹72 crores, with a PAT margin of 13.0%.
Financial Performance – 9M FY26
The company’s consolidated revenue for the nine-month period stood at ₹1,620 crores. Adjusted for one-time arbitration income in the MHE division, revenue was ₹1,595 crores. The company’s order book as of December 31, 2025, stood at ₹1,372 crores.
Segment Performance
The Material Handling Equipment (MHE) division reported revenue of ₹123 crores, an increase of 16.3% Y-o-Y. The Gear division delivered revenue of ₹429 crores, up 1.3% Y-o-Y. It’s revenue was ₹1,620 crores, and EBITDA stood at ₹109 crores.
Future Outlook
Elecon anticipates near-term softness. FY26 Revenue Guidance may be lower by upto ~5%, while Adjusted EBITDA margins may be lower by upto ~2%. Going forward, improvement is expected considering healthy order book and robust inquiry pipeline.
Source: BSE
